Kingfisher plc (LON:KGF) Given Average Recommendation of “Hold” by Brokerages

Shares of Kingfisher plc (LON:KGF) have been assigned an average rating of “Hold” from the eight analysts that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is GBX 306.62.

KGF has been the subject of several research reports. UBS Group reaffirmed a “neutral” rating and issued a GBX 295 target price on shares of Kingfisher in a research report on Friday, May 22nd. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 350 price target on shares of Kingfisher in a report on Friday, July 10th. Deutsche Bank Aktiengesellschaft restated a “sell” rating and issued a GBX 260 price objective on shares of Kingfisher in a research note on Wednesday, May 27th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 295 price objective on shares of Kingfisher in a report on Wednesday, May 27th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a GBX 291 target price on shares of Kingfisher in a research report on Monday, July 27th.

Kingfisher Stock Performance

KGF opened at GBX 315.40 on Tuesday. The stock has a market cap of £5.21 billion, a PE ratio of 22.86, a P/E/G ratio of 2.87 and a beta of 1.12. The company has a current ratio of 1.21, a quick ratio of 0.27 and a debt-to-equity ratio of 38.02. Kingfisher has a 1 year low of GBX 240.30 and a 1 year high of GBX 372.30. The stock’s 50 day simple moving average is GBX 287.77 and its 200-day simple moving average is GBX 304.76.

Kingfisher declared that its board has initiated a stock buyback program on Friday, April 10th that allows the company to repurchase 0 shares. This repurchase authorization allows the home improvement retailer to buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

About Kingfisher

Kingfisher plc is an international home improvement company with over 1,800 stores, supported by a team of more than 70,000 colleagues. We operate in seven countries across Europe under retail banners including B&Q, Castorama, Brico Dépôt, Screwfix, TradePoint and Koçtaş. We offer home improvement products and services to consumers and trade professionals who shop in our stores and via our e-commerce channels.